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Meteoric Resources NL
Summary
| Project: | Novo Astro | |
|---|---|---|
| Deposit: | Jose | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 12/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-12-2019: Meteoric Resources NL announces an Exploration/Drilling Update report for its Jose deposit at the Novo Astro project. Drilling results incl. 3.0m @ 6.52g/t Au from 72.3m. Meteoric Resources NL (ASX: MEI) (“Meteoric” or “the Company”) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Sheehan (Not stated) | |
| ABSTRACT: | Meteoric Resources NL (ASX: MEI) (“Meteoric” or “the Company”) is pleased to announce it has received the first assay results from drilling at the Company’s 100% owned Novo Astro Gold Project in Brazil. Drilling at both the Novo Astro and Juruena Projects will be completed this week, ending the Company’s Brazilian exploration program for 2019. Onsite at both projects, core logging, sampling and sample dispatch will continue throughout December and into January after the Christmas break, ensuring a steady flow of assay results in Q1 2020. Managing Director Andrew Tunks said: “Results through from the first ever drilling at Novo Astro on the José Prospect has provided confirmation that gold mineralisation continues beneath the Garimpeiro open pits and that gold is associated with both veining and pyrite alteration of the granitic host rocks. Our very first drill hole intersected 0.5m @ 38.8g/t Au from 72.3m confirming the depth continuity of a high‐grade mineralised vein below the Jose Pit. This is a crucial observation as it is the first confirmation that gold exists in the primary rocks below the artisanal open pits in the oxide.” | |
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